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THE EURO AND ECONOMIC AND MONETARY UNION
An historical, institutional and economic description
BY MALCOLM TOWNSEND
"Essential reading for anyone interested in monetary Europe" Agence Europe, European Library
"must surely become the standard work in its field" Reference Reviews
This book meets the need for a description of the EU’s economic and monetary union, rooted in the Treaties and the legal texts. It is an invaluable guide to the fundamentals of EMU and an aid to understanding and predicting issues and debates arising in Brussels and Frankfurt. The implications of the proposed European constitution are fully explored.
EMU is given its location in economic and monetary thought and developing notions of central banking as well as in the history of attempts by the EU to find an effective exchange-rate régime. The book answers concrete questions on the rules for public finance, the concept of an excessive government deficit, the current trend of economic policy, the abolition of exchange control, exchange-rate policy for the euro and the Community’s place in the international monetary system. It makes clear what kind of currency the euro is, and above all its grounding in price stability.
This is an essential text for financial practitioners and all libraries, academics and professionals with an interest in economic and monetary affairs.
ABOUT THE AUTHOR
Malcolm Townsend transferred from the Bank of England to the EEC to work on financial matters when Britain joined the Community in the 1970s. From 1986 he was on the staff of the EC’s Monetary Committee, making him a first-hand observer of the developments covered in this book.
Hardback. 320 pages. Publication February 2007. £50 / 75 euros / $90.
Shipped post free within Europe - outside Europe add £5 / 8 euros.
ISBN 978-0-9551144-5-8
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